Just recently, the developers behind the bitcoin cash-centric project Anyhedge released an alpha version of Anyhedge Whitelabel and since then, 284 smart contracts have been created on-chain and over $32,900 has been hedged using the alpha protocol. Additionally, this month, General Protocols, the engineers behind Anyhedge, announced that the team plans to launch a decentralized application (dapp) that will allow anyone to long bitcoin cash against a myriad of tradable assets on the bitcoin cash blockchain The team has revealed that it is.
Anyhedge Alpha Whitelabel, a popular protocol for launching decentralized applications that allow users to hedge or go long bitcoin cash, was recently released
Several different projects have recently been built within the Bitcoin Cash (BCH) ecosystem, and one of the protocols, called Anyhedge, allows users to create smart contracts on-chain, with an alpha version of the protocol It has just been released. In addition, the team behind Anyhedge, General Protocols, has recentlyput together theAnyhedge Extension, made possible after new ruleset changes were applied to theBCHenabled last May after new ruleset changes were applied to the network.
This month, General ProtocolsBCH Bulldapp, an application that allows you to long This application will allow you to go long BCHagainst a number of tradable assets. We have launched an application called BCH. Bull is a permissionless, non-custodial application built on theBCHchain; a permissionless, non-custodial dupe built on the BCHchain; and a permissionless, non-custodial dupe built on the BCHchain. Tradable assets that can be used to go long or hedge bitcoin cash include assets such as USD, bitcoin (BTC), ethereum (ETH), or precious metal gold.
“Utilizing the AnyHedge protocol (built by General Protocols),. BCH“. Bull allows users to instantly create smart contracts with up to 10x leverage directly in their wallets without the need to sign up,” General Protocols . BCHannouncement explained in Bull’s announcement. The team’s dup announcement adds.
On the other side of the contract, users who want to stabilize their purchasing power can also create hedge positions against those same assets. Thus providing a reliable new crypto stability solution, essential for risk-averse users such as merchants, miners, and other businesses operating in cryptocurrencies.
60} General Protocols, because the Anyhedge smart contract leverages the Unused Transaction Output (UTXO) property provided by theBCHnetwork. BCHnetworks have an advantage for smart contracts. Advantages include the ability to “process large volumes for low fees while all contracts remain stateless and independent of each other, increasing privacy and reducing any system security risks.”
So far, the project’s creators have detailed that alpha testing has seen over 100 on-chain contracts, all of which performed “flawlessly” and “seamlessly. “Anyhedge’s alpha testing ended on September 28 and General Protocols summarized the results.
“284 smart contracts were created on-chain and over $32,900 was hedged.” explained the team on October 2. 71} is BCH’sThe bull beta release is set to begin at some point this month, and interested parties can check theTelegram channel for updates on the project. General Protocol Telegram Channel.
Image credits: Shutterstock, Pixabay, Wiki Commons, BCH Bull Website,.